A trademark is a unique symbol or word(s) used to represent a business or its products. It is an easily recognizable symbol, phrase, or word that denotes a specific product. It legally differentiates a product or service from all others of its kind and recognizes the source company’s ownership of the brand. Once it is registered, […]
Section 194N: TDS on Cash withdrawal in excess on INR 1 Crore This section applies to any Banking Company, Co-operative Society or Post office who is responsible to pay any sum being amount or aggregate of amounts, in cash, in excess of INR 1 Crore during the Previous Year to any person from one or […]
Number of Directors Requirement in different companies: As per section 2(10) “Board of Directors” or “Board”, in relation to a company, means the collective body of the Directors of the company; As per section 149 of the Companies Act, 2013 every company shall have a minimum number of: 3 directors in the case of a […]
Any order of the subordinate authority which could have been considered as erroneous and prejudicial to the interest of revenue in allowing assessee’s claim of deduction under section 80IA, either due to lack of enquiry or otherwise, was the original assessment order passed under section 143(3) r.w.s. 144C and not the re-assessment order. PCIT had proceeded to revise the assessment order passed under section 143(3) r.w.s. 147 to get over the hurdle of limitation which was impermissible.
Om Logistics Limited & Anr. Vs M/s Ryder India Pvt. Ltd. (National Company Law Tribunal) In case the Sole Member/ Operational Creditor of the CoC was not interested in pursuing the CIR Process, the appropriate course could have been to file a withdrawal application under Section 12A of IBC, 2016. In the case Operational Creditor […]
ANALYSIS: SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2021 DATED 3RD AUGUST, 2021 The SEBI vide its notification dated 03rd August, 2021 makes the following amendment in the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 effective from on the date of their […]
In this article, we will have insight over the applicable provisions of certain most common sections (yet vital) of the Companies Act 2013, which we come through day in and day out during Audit and Assurance assignments. CARO 2020 CARO 2020 is applicable to all companies including foreign companies w.e.f 1st April 2021. Following are […]
Application for business licence or permanent business licence. – Every distributor or exporter desiring to obtain a business licence and every exporter desiring to convert his business licence into a permanent business licence shall make an application before expiry of the validity of business license to the Licensing Authority in Form A
There are nine papers CS aspirants must pass for cracking the CS Professional Program. Paper 2, which is part of Module 1, covers the broad topic of CS Professional Advanced Tax laws, covering both direct and indirect taxes. In this article, we’ve covered preparation tips for advanced tax law from CS professionals. CS Professional advanced […]
Ministry of the Corporate Affairs vide notification dated January 22, 20219 inserted the Explanation under rule 16 of the Companies (Acceptance of Deposits) Rules, 2014. This clarified that every company other than the Government Company required to file form DPT-3 on an annual basis for those transactions which are not considered as deposits i.e. for […]
